US Dollar steady

The US dollar had a muted start to the week, with little major movement for the country’s currency. The dollar traded within a narrow range throughout the day, as data from the country was very thin on the ground. The only release for the day was the flash Manufacturing Purchasing Manager’s Index. An indicator of health in the manufacturing sector, this came out slightly behind expectations. This result was not hugely influential, however, and as such the dollar remained little changed from its opening levels.

Today sees a couple of data points liable to be slightly more significant, in the shape of consumer confidence and new home sales figures. These two results combined could have a more noticeable effect on the dollar, and as such will be the most important events for investors for the day.

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